www.southernsilverexploration.com
Southern Silver Exploration Corp. (SSV-TSX.V; SEG-FRANKFURT) is a publicly traded Canadian-based precious and base metals exploration company. The company’s management team and professional staff have expertise in the acquisition, exploration and responsible development of potential world-class mining ventures in Mexico, New Mexico and Arizona. In New Mexico, the Oro project is a 1,150-hectare gold, silver, copper, lead and zinc project with excellent potential for new discovery. Drilling of the Oro Project is currently underway with results expected in Q2 of 2010.
In Mexico the company’s gold/copper Minas de Ameca project encompasses a 320 sq. km claim package in a 25 kilometer long mineralized trend in Jalisco State and the Pinabete project, a silver-zinc-lead Carbonate Replacement Deposit (CRD) deposit located in Chihuahua State. As well, the company’s has highly-prospective projects in Arizona. The company’s Arizona project is the Dragoon copper/molybdenum property located approximately 100 kilometres southwest of Tucson.
Southern Silver hits 6.8m of 153g/t silver, plus lead and zinc at Cerro Las Minitas
Southern Silver Exploration (CVE:SSV) announced Wednesday encouraging results from each of the first three holes drilled this year at the company's Cerro Las Minitas polymetallic project in Durango, Mexico.
The 10,980 hectare Cerro Las Minitas project is comprised of 425 hectare area that has previously been mined on small-scale, and a much larger unexplored gravel-covered area.
Highlights from the drilling include 6.8 metres averaging 153 g/t silver, 1.47% lead, and 1.01% zinc, within a broader 14.7 metre interval averaging 40 g/t silver, 1.02% lead and 1.01% zinc, in drill hole 11CLM-002.
In addition, the Vancouver-based company drilled 0.4 metres averaging 382 g/t silver, 6.25% lead, and 1.62% zinc in hole 11CLM-003; and hit a strongly-enriched 2.1 metre copper interval, averaging 100 g/t silver, 0.17% lead, 3.08% zinc and 1.37% copper from the same hole.
"We are extremely encouraged with these initial assays which validate, in part, the results of historic drilling and small-scale mining on the project and allow us to continue the systematic exploration of the many targets defined," said president Lawrence Page.
The results reported today were from widely spaced holes, designed to provide initial tests of several different target types, the company said.
To date, Southern has now completed five core holes, totaling approximately 1500 metres of a planned 3000 metre phase one drill program. Assays are still pending from two drill holes.
Aside from Cerro Las Minitas, Southern also has other mineral projects in Arizona and New Mexico.
